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TGT » Topics » PURPOSE

This excerpt taken from the TGT 10-Q filed Nov 30, 2007.

PURPOSE

 

                The purpose of this Deferred Compensation Plan (the “Plan”) is to provide a means whereby Target Corporation (the “Company”) may afford financial security to a select group of employees who are in the Senior Management Group of the Company and its subsidiaries and who have rendered and continue to render valuable services to the Company or its subsidiaries and who make an important contribution towards the Company’s continued growth and success, by providing for additional future compensation so that such employees may be retained and their productive efforts encouraged. The Plan document has been amended to reflect certain administrative practices in effect as of May 1, 1999.

 

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